Q3. Premium Toyota dealership wants to develop forecasts for next year’s quarterly sales of a midsize...

Q3.

Premium Toyota dealership wants to develop forecasts for next year’s quarterly sales of a midsize SUV. Sales were 80,000 in 2018 and 84,000 in 2019. It has collected quarterly sales for the past two years. It has also forecast total annual sales for next year to be 90,000 SUVs. What is the forecast for each of the four quarters of next year?

Quarter Sales (in thousands)	2018	2019
Fall	24	26
Winter	23	22
Spring	19	19
Summer

Q4

Mister Baker wants to evaluate performance of its pastries forecast. Mister Baker sales in last four weeks were 80, 100, 105, and 90 units, respectively. In addition, the sales forecasts (for the same four weeks) were 60, 80, 95, and 75 units, respectively. Calculate the MAD, MSE, and MAPE for these four weeks.

Sales	Forecast
80	60
100	80
105	95
90	75

Expert Solution

Answer for Q3

Quarter	Sales (in thousands)
Fall	27
Winter	25
Spring	21
Summer	17

Answer for Q4.

MAD,Mean Absolute Deviation	16.25
MSE,Mean Square Error	281.25
MAPE,Mean Absolute Percentage Error	0.1780 or 17.80%

Explanation

keosha answered 4 months ago

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